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■ ■ <br /> �nanc� n <br /> We compared the total cost of ownership of both EV and gasoline/diesel fleets for three financing <br /> scenarios: cash, loan, and lease. For these financing scenarios, we factored in monetization of state <br /> rebates and aggregate purchasing discounts. <br /> The total cost of ownership of an electrified fleet is lowest in the cash scenario, at about $13 million. <br /> The next lowest cost option is the loan scenario, at $14 million. The lease option is the most <br /> expensive, at $24 million. These cost relationships are illustrated in Figure 4. Lexington will save $11 <br /> million by buying EVs in cash instead of leasing and will save $1 million by buying in cash instead of <br /> financing with a loan. <br /> The primary reason that the cost of owning an EV is lower than the cost of owning a gasoline or diesel <br /> vehicle is lower fuel costs. While it is true that EVs tend to have lower maintenance costs, those <br /> savings tend to be offset by the additional cost of installing charging stations. <br /> Figure 4.Fleet total cost of ownership by financing option and cost component($,millions). <br /> ��,, , <br /> II�I�I�I����,"II�II III�`III�w <br /> ' � <br /> � I�I��� ��,..��III <br /> ���,I��� �, <br /> � ������������ Y�����lii n..�����r���;��r"������ <br /> � ■ �.�w�n��r������ <br /> � m��,' ! <br /> a,�I , � <br /> �� ��,��� � � <br /> � <br /> m� � <br /> � <br /> � <br /> � � <br /> � <br /> m� <br /> �,,,, <br /> , <br /> � <br /> � <br /> , <br /> � <br /> � <br /> � <br /> � ��� <br /> � <br /> � �,� <br /> � m� <br /> � <br /> � <br /> �� <br /> ������I��io������III I��� ������I����io������III I�� �����µ.��l�iii���µ��III I��� <br /> ������I���� I�..���������� I�..���i�A��� <br /> 6 <br />